Elliott wave Ripple analysis  12.07.2022

The most recent chart section displays the second half of the impulse wave [C] composed of sub-waves (1)-(2)-(3)-(4)-(5). After correction 4 completed as a zigzag, the market has been forming wave (5) as an ending diagonal, with the final wave 5 unfolding inside as a double zigzag [W]-[X]-[Y]. Wave 5 should end at a level of 0.285, marked by the impulse wave (3).

Trading plan for XRPUSD today:

Sell 0.314,

Take profit: 0.285.

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